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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: J.T. who wrote (5656)	12/18/2000 12:45:47 PM
From: TA Trader	Respond to of 19219

J.T., FWIW, I don't think that the FED has ever cut rates in their Dec. meeting so the odds are against us. OTOH, Greenie set us up 2 weeks ago for just such a cut. My guess is a shift to "bias toward EASE". The way the NAZ is acting, it doesn't expect a rate cut and the bond market is not quite set up for a rate cut tomorrow but is close enough if he wants to do it. I sold everything this A.M. and am currently all cash. It's tough out there and very scary! WHAT A COUNTRY!